TSX VENTURE SHORT POSITIONS (November 24, 2008)

Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).

Largest short positions
Gold Wheaton GLW 3796040 1343273
Nevada Expl NGE 2901000 2167498
Calibre Mining CXB 2230000 2230000
Raytec Metals RAY 1417000 100000
Westernzagros WZR 1131511 7060
African Queen AQ 695667 695667
Sherwood Copper SWC 412660 -38300
Potash North PON 412474 -148400
Mirasol Res MRZ 339500 339500
X-Terra Res XT 335000 6900
Arian Silver AGQ 283000 268000
Southern Arc SA 280200 0
Pacific Comox PCM 280000 280000
Constellation Copper CCU. H 270000 0
Ascot Res AOT 250400 -53000
Largest increase in short position
Calibre Mining CXB 2230000 2230000
Nevada Expl NGE 2901000 2167498
Gold Wheaton GLW 3796040 1343273
African Queen AQ 695667 695667
Mirasol Res MRZ 339500 339500
Largest decrease in short position
Largo Resources LGO 0 -470100
Sparton Res SRI 0 -436000
Magindustries MAA 32807 -341593
Unigold UGD 0 -270000
Committee Bay CBR 0 -200000
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